United Airlines (NASDAQ:UAL) Stock: Insider J Scott Kirby Sells 90,367 Shares

United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J. Kirby sold 90,367 shares of United Airlines stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $119.79, for a total transaction of $10,825,062.93. Following the completion of the transaction, the chief executive officer directly owned 750,755 shares of the company’s stock, valued at approximately $89,932,941.45. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

United Airlines Stock Performance

Shares of UAL stock traded up $0.18 on Tuesday, reaching $120.56. The stock had a trading volume of 5,356,335 shares, compared to its average volume of 5,605,979. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm’s 50-day moving average is $107.77 and its two-hundred day moving average is $108.33. The firm has a market capitalization of $39.17 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.55 and a beta of 1.38. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77.

United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The business had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the previous year, the business posted $2.78 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, research analysts expect that United Airlines Holdings Inc will post 7.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on UAL. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Morgan Stanley raised their price objective on shares of United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Evercore restated an “outperform” rating and set a $160.00 price objective on shares of United Airlines in a report on Wednesday, October 21st. Wells Fargo & Company reduced their price objective on United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Finally, TD Cowen decreased their target price on United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $156.19.

Get Our Latest Research Report on United Airlines

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC grew its stake in United Airlines by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 10,327 shares of the transportation company’s stock valued at $1,146,000 after buying an additional 117 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in United Airlines by 2.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 6,461 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 127 shares during the period. Foster Victor Wealth Advisors LLC raised its holdings in United Airlines by 6.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,392 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 137 shares during the period. Keybank National Association OH raised its holdings in United Airlines by 2.6% during the 3rd quarter. Keybank National Association OH now owns 5,795 shares of the transportation company’s stock valued at $643,000 after acquiring an additional 145 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of United Airlines by 32.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 654 shares of the transportation company’s stock worth $60,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

About United Airlines

(Get Free Report)

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.

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Insider Buying and Selling by Quarter for United Airlines (NASDAQ:UAL)

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